Paylocity Holding Corp (PCTY) Drops 8.02% on January 13

Equities Staff |

Paylocity Holding Corp (PCTY) was one of the Russell 2000's biggest losers for Wednesday January 13 as the stock slid 8.02% to $33.24, a loss of $-2.9 per share. Starting at an opening price of $36.26 a share, the stock traded between $32.73 and $36.26 over the course of the trading day. Volume was 208,305 shares over 1,736 trades, against an average daily volume of 254,206 shares and a total float of 50.84 million.

The losses send Paylocity Holding Corp down to a market cap of $1.69 billion. In the last year, Paylocity Holding Corp has traded between $46.90 and $22.21, and its 50-day SMA is currently $40.87 and 200-day SMA is $34.90.

Paylocity Holding Corp is a provider of cloud-based payroll and human capital management, or HCM, software solutions for medium-sized organizations.

Paylocity Holding Corp is based out of Arlington Heights, IL and has some 1,320 employees. Its CEO is Steven R. Beauchamp.

For a complete fundamental analysis analysis of Paylocity Holding Corp, check out Equities.com’s Stock Valuation Analysis report for PCTY. To see the latest independent stock recommendations from Equities.com’s analysts, visit our Research section.

The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It's maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.

Russell's indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It's a simple approach that gives a broad, unbiased look at the small-cap market as a whole.

For more news on the financial markets, go to Equities.com. Also, learn more about our independent proprietary equity research reports and our robust do-it-yourself Stock Valuation Analysis reports in our Research section.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

Comments

Emerging Growth

Nano One Materials Corp.

Nano One Materials Corp is a technology company. The Company manufactures storage materials for lithium ion batteries.

Private Markets

Trustify

Trustify provides trust and safety in both the digital and physical worlds through our vast network of on-demand Private Investigators.By removing the large retainers and high hourly rates that traditional…

Dropbox, Inc.

Dropbox is a service that allows their users to bring all photos, docs, and videos anywhere, and share them easily. Any file saved to Dropbox will automatically save to all…